Screening Filters & Rationale
Market Cap (min: $10 billion):
- Purpose: Focus on large-cap stocks for stability and reduced volatility over a short-term period.
- Rationale: Large-cap companies are typically more liquid and less prone to extreme price swings, aligning with a one-week investment horizon.
Relative Volume (min: 2.5):
- Purpose: Identify stocks with significantly higher trading activity than usual.
- Rationale: Elevated relative volume often indicates increased investor interest, which can drive short-term price movements.
Weekly Average Turnover (min: $10 million):
- Purpose: Ensure sufficient liquidity for easy entry and exit within a week.
- Rationale: High turnover reflects active trading, reducing the risk of price slippage during short-term trades.
RSI 14 (min: 45, max: 55):
- Purpose: Target stocks that are neither overbought nor oversold.
- Rationale: RSI in this range suggests a balanced momentum, reducing the risk of sudden reversals during the investment period.
Week Price Change Percentage (min: 5%):
- Purpose: Focus on stocks with strong recent performance.
- Rationale: A minimum 5% weekly price increase indicates upward momentum, which may continue in the short term.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.